Alan Collins
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Alan Collins posted a blog post

USDCHF - 3 reasons to short this week

A sequence of 3 up weeks ended with strong selling last week - emphasising the importance of a 50% correction point. There are 3 main reasons we look for the downside to extend.                1) Prices are 'hugging the lower end of a negative Keltner channel.                                                         2) The key 13 day moving average is capping rallies.            3) CHF showing broad strength.    Potential for .8712 and .8676.…See More
Monday
Alan Collins posted a blog post

EURGBP - Trades Through Cloud

Monday’s failure at the top of the Ichimoku Cloud proved important yesterday as selling interest returned to the cross. The resulting strong decline- the most aggressive of this month – took EURGBP through the bottom of the Cloud and to the most negative levels for 5 weeks. Intraday signals for sentiment are oversold but rallies should now be temporary and limited with potential to .8215, then .8189.…See More
Apr 9
Alan Collins posted a blog post

USDCAD - Selling to deepen.

The setback from this year’s high continued last week with an expected 2nd down week in a row. This move lower, dominated by selling at the beginning and end of the week, took USDCAD to 4 week lows and consolidated prices within the Ichimoku Cloud. These are not strong signals but supported by negative 3cA studies and with the 13 day m.a capping we look for the downside to develop with potential to 1.0911 and 1.0870.…See More
Apr 7
Alan Collins posted a blog post

USDCHF weak recovery so sentiment targets .8739

A sequence of 3 down days ended Mon as profit taking developed at the bottom of the Keltner channel. Gains were limited, after a negative gap on the open, and unable to regain any significant portion of Fri’s decline. This, despite minor gains in Asia, reflects the weakness of demand and while early gains are probable we look for them to be limited. So scope through .8761 to .8739 or even .8712.…See More
Mar 11
Mamunur Rashid commented on Alan Collins's blog post GBPUSD - forming base for 1.6823/78 test
" G/U High 1.6685 -1.6700 - 15 - 40 .. Down 1.6660 - 30 - 1.6585 - 60 G/U Buy Stop 1.6685 -- Sell Stop 6650 G/U Sell Limit 1.6715 / 40 "
Feb 26
Alan Collins's blog post was featured

GBPUSD - forming base for 1.6823/78 test

Each day last week saw net losses produced in GBPUSD but that setback from 4 year highs has proved temporary. The downside has found fresh buyers at the key 13 day moving average.And at a Marabuzo line created by price action 2 weeks agoAnd in addition the trend defining Keltner channel remains positive.  So at 3cAnalysis we’re looking for higher levels in the coming days with expected intraday dips being bought with potential for this month’s top of 1.6823 then 1.6878 to be seen.…See More
Feb 26
Alan Collins's blog post was featured

CABLE - 50% point platforms upside this week. 1.6878 then 1.7043 potential

Recent consolidation ended last week with a move that emphasised the importance of buying at a 50% pullback point. Increasing demand resulted in the most powerful weekly gains since Jun and with the highest levels since 2009. The speed of the upside means signals are overbought and prone to profit taking but with prices hugging the top of both weekly and daily Keltner channels, and the 13 day avg supportive there is potential for 1.6878 and 1.7043…See More
Feb 17
Alan Collins's blog post was featured

USDCAD - Weekly Bearish Engulfing targets further profit taking

Expected selling pressure last week was confirmed as the rejection of levels near the 50% correction point (1.1236, 2009-11 fall) was shown important. Although the 13 day m.a, and a Marabuzo line from Jan 22nd, held the downside for the bulk of the week, Fri’s selling confirmed a more negative tone. In fact, last week's performance was the most bearish since September and formed a Bearish Engulfing pattern on weekly candle charts.So, although some volatility must be accepted,we're looking for…See More
Feb 10
Alan Collins posted a blog post

EURUSD break of key supports targets 1.3319 this week

This year has begun with a volatility evidenced by last week's decline – a move that reversed the preceding week's direction for a 7th consecutive time. However while this price action means sentiment is more difficult to assess, this latest decline took EURUSD to 2 month lows, reversed the prior week’s entire rise and closed below the Ichimoku Cloud, the 13 day and 100 day mvg avgs.So we look for the downside to remain the focus with potential while below 1.3609 to 1.3400 and 1.3319.…See More
Feb 3
talisman commented on Alan Collins's blog post USDCAD - Downside rejection & Marabuzo line support gains
"why is 1.1236 important in your opinion ?"
Jan 28
Alan Collins commented on Alan Collins's blog post USDCAD - Downside rejection & Marabuzo line support gains
"both targets met and momentum still positive though intraday sentiment becoming overbought. Big level approaching (not today) 1.1236. Reaction to that will be key element."
Jan 28
Alan Collins posted a blog post

USDCAD - Downside rejection & Marabuzo line support gains

For the 3rd day in succession there was limited net movement in USDCAD Monday. This keeps the currency pair consolidating near the top of what is still a positively trending Keltner channel. More importantly last Wed’s Marabuzo line was untested and the lows were firmly rejected. This keeps underlying sentiment as positive and so we look for gradual gains to continue with potential to 1.1137 and 1.1174.…See More
Jan 28
Alan Collins's blog post was featured

EURGBP - Downside rejection to extend this week

Initial selling last week took EURGBP to the lowest levels traded for a year. However, those lows were aggressively reversed as profit taking developed at an important 62% correction of the 2012-13 rise.The resulting bounce regained all, and more, of the early downside, posted a Bullish Hammer pattern on weekly charts and close above the 13 day moving average. Sentiment is, therefore, left positive and we look for the topside to extend this week with potential through .8349 to .8405.…See More
Jan 27
Alan Collins posted a blog post

USDCHF - Building positive base

Unable to extend Tuesday's setback from 9 week highs, renewed demand was seen yesterday. While the net upside was limited prices are supported by the Ichimoku Cloud and the 13 day moving average. In addition the 'golden' cross of the 13 & 100 day averages confirms a trending market with potential for the upside to retest this week's .9156 top and even towards .9192 in the coming days.…See More
Jan 23
Alan Collins posted a blog post

EURGBP - Friday's selling pressure dominates

Yesterday saw a reaction to Fri’s powerful decline as profit taking developed above this month’s lows. However the rally was severely limited – unable to regain even half of the preceding day’s decline. With that point and the 13 day m.a likely to continue capping, sentiment is mildly negative with potential for .8217 and .8198.…See More
Jan 21
Alan Collins posted a blog post

AUDUSD - Upside Rejection gains ground with .8865/75 targeted

This week’s signals for temporary gains have been confirmed with Monday’s strong 1 Big Fig gain and new 4 week high at .9087. The end to a sequence of higher daily lows generated a short position on Tuesday and with no sign that the deterioration is ending there is potential for .8865/75 area.…See More
Jan 15

Profile Information

About Myself
I have been a spot/forward/prop trader, Salesperson and Technical Analyst in financial institutions for more than 30 years.
I currently co-own the 2nd independent technical analysis research company I've setup, 3cAnalysis.
Please note that all blogs and comments are for information and education only and not a recommend to trade at any time.
Trading style
Based on hourly charts
Current Broker
none

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Alan Collins's Blog

USDCHF - 3 reasons to short this week

Posted on April 14, 2014 at 5:59am 0 Comments

A sequence of 3 up weeks ended with strong selling last week - emphasising the importance of a 50% correction point. There are 3 main reasons we look for the downside to extend.                

1) Prices are 'hugging the lower end of a negative Keltner channel.                                                         2) The key 13 day moving average is capping rallies.            

3) CHF showing broad strength.   

 

Potential for .8712 and .8676.…

Continue

EURGBP - Trades Through Cloud

Posted on April 9, 2014 at 8:47am 0 Comments

Monday’s failure at the top of the Ichimoku Cloud proved important yesterday as selling interest returned to the cross. The resulting strong decline- the most aggressive of this month – took EURGBP through the bottom of the Cloud and to the most negative levels for 5 weeks. Intraday signals for sentiment are oversold but rallies should now be temporary and limited with potential to .8215, then .8189.…

Continue

USDCAD - Selling to deepen.

Posted on April 7, 2014 at 7:29am 0 Comments

The setback from this year’s high continued last week with an expected 2nd down week in a row. This move lower, dominated by selling at the beginning and end of the week, took USDCAD to 4 week lows and consolidated prices within the Ichimoku Cloud. These are not strong signals but supported by negative 3cA studies and with the 13 day m.a capping we look for the downside to develop with potential to 1.0911 and 1.0870.…

Continue

USDCHF weak recovery so sentiment targets .8739

Posted on March 11, 2014 at 7:13am 0 Comments

A sequence of 3 down days ended Mon as profit taking developed at the bottom of the Keltner channel. Gains were limited, after a negative gap on the open, and unable to regain any significant portion of Fri’s decline. This, despite minor gains in Asia, reflects the weakness of demand and while early gains are probable we look for them to be limited. So scope through .8761 to .8739 or even .8712.…

Continue

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